EPA’s Greenhouse Gas Regulation Expects Coal Generation to Decline 48 Percent

This week, the Environmental Protection Agency (EPA) released its final greenhouse gas (GHG) standards for existing power plants. According to American Action Forum (AAF) research, the final plan will shutter 66 power plants and eliminate 125,800 jobs in the coal industry. All of these figures are based on EPA data. Perhaps more alarming, using the 2012 baseline for coal generation and projections for 2030 output, the industry could shrink by 48 percent.

DOL’s Proposed Fiduciary Rule: Not in the Best Interest of Investors

• If the Department of Labor’s (DOL) proposed fiduciary rule is implemented, almost all retail investors will see their costs increase by 73-196 percent due to a mass shift toward fee-based accounts. • Firms providing investment advice will see an average of $21.5 million in initial compliance costs and $5.1 million in annual maintenance costs. • Up to 7 million current Individual Retirement Accounts (IRAs) would fail to qualify for an advisory account due to the balance being too low to be profitable for the adviser.

Don’t Kill the Independent Contractor

Bill de Blasio’s recent attempt to scuttle Uber’s growth in favor of incumbent taxis and “traffic management” is just the first public foray in the battle against the emerging “gig” economy. At all levels, regulators are planning a barrage of measures aiming to limit independent contractors and elevate the traditional employer-employee relationship. If the de Blasio fiasco has taught policymakers anything, it’s that the gig economy won’t be regulated out of existence.

Administration’s GHG Regulation Surpass Cap-and-Trade Costs

Recently, the Environmental Protection Agency (EPA) released its second round of greenhouse gas (GHG) standards for heavy-duty engines and trucks. The $30 billion regulation comes on the heels of a 2011 regulation that also addressed fuel efficiency and imposed $8.1 billion in long-term costs. EPA’s patchwork of GHG rules under the Clean Air Act is quickly growing into a regulatory behemoth.

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